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Old 06-26-2007, 11:07 AM
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Join Date: Oct 2006
Posts: 69
Default Previously Bonded

I was previously bonded by the same company for over 8 years, but now they've dropped me due to my personal credit. I'm trying to get this bond replaced, but it seems like it would cost a whole lot more. Why can't I find rates comparable to what I had originally paid before?
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Old 06-27-2007, 08:59 AM
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Join Date: Dec 2005
Posts: 67
Default Same Premium Amount For Bond with Bad Credit

Unfortunately the bond premiums are based upon the applicant's personal credit/history. Since your credit has dropped and you are getting much higher quotes to replace your bond - you are more than likely being placed within a high risk market. If you can improve on your credit - your current quotes for a higher premium could be reduced at renewal time.
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